12/1/2011 Monthly ISM Manufacturing PMI (0500 HI time / 1000 EST)
Previous revision: n/a
Started @ 101.16
1st Peak @ 101.27 / Retrace to 101.04 – 0501 (1 min)
11 ticks / -12 ticks
Notes: Report exceeded forecast but 0501 candle was indecisive with low after report market volume. Either the report was leaked in advance, or it was already priced in such that the reaction was bizarre. JOBB would have gotten you in long and then retraced to hit the stop loss before returning to the candle start value.